RBL Bank Platinum ShopSmart Credit Card – Benefits, Fees & Eligibility

Introduction

The RBL Bank Platinum ShopSmart SuperCard, issued by RBL Bank, is a mid-range credit card designed to offer significant savings on everyday purchases, particularly groceries, entertainment, and domestic travel. Its top differentiating benefits include 5% cashback on grocery spends, complimentary movie tickets every month, and access to domestic airport lounges across India. The card also provides unique features like converting cash limits into personal loans and interest-free ATM withdrawals.

Welcome Benefits

• Receive a welcome gift of Rs.500.
• Get Rs.500 cashback when you pay the joining fees and spend Rs.2,000 within the first 30 days from the card issuance date.

Fees

• Joining Fee: Rs.499 (plus Service Tax).
• Annual Fee: Rs.499 (plus Service Tax).
• Spend-Based Waiver: The second year's annual fee is waived if you spend Rs.50,000 or more within a year.
• Interest Rates (Emergency Advance): 1.16% per month for converting cash limit into a 3-month personal loan.
• Processing Fee (Emergency Advance): No processing fee for converting cash limit into a 3-month personal loan.
• Processing Fee (Easy Cash/ATM Withdrawals): 2.5% for unlimited and interest-free ATM withdrawals.

Rewards

• Cashback:
  • Earn 5% cashback on all grocery purchases, up to a maximum of Rs.250 every month.
  • Receive Rs.500 cashback upon paying the joining fees and spending Rs.2,000 within the first 30 days of card issuance.
  • Get a cashback of Rs.1,000 every time you spend more than Rs.1,00,000 within one year.
• Movies/Entertainment:
  • Receive 1+1 BookMyShow movie tickets worth up to Rs.200 on one day within a month. The yearly value of this benefit is Rs.2,400.
• Travel/Lounge:
  • Enjoy 2 complimentary access visits within a year to domestic lounges at select airports across India. A maximum of 1 complimentary airport lounge access is permitted within one quarter. The yearly value of this benefit is Rs.3,000.
• Loan Benefits (Emergency Advance):
  • Convert your available cash limit into a personal loan for 3 months at an interest rate of 1.16% per month, with no processing fee.
• ATM Benefits (Easy Cash):
  • Avail unlimited and interest-free withdrawals from any ATM in India for a maximum period of 50 days (up to your next billing date). A processing fee of 2.5% will be applicable.

Card Eligibility Criteria

Documents Required

• Identity Proof:
  • Driving License
  • Passport
  • Aadhaar card
• Proof of Address:
  • Ration Card
  • Passport
  • Voter ID
  • Aadhaar card
• Income Proof:
  • Form 16
  • IT Returns
  • Salary Slip
• The bank may request additional documents beyond those listed above.

Important Product Details

• 5% cashback on all grocery expenses, capped at Rs.250 per month.
• Rs.500 cashback as a welcome benefit when joining fees are paid and Rs.2,000 is spent within the first 30 days.
• Rs.1,000 cashback for annual spends exceeding Rs.1,00,000.
• 1+1 BookMyShow movie tickets worth up to Rs.200, available once a month.
• 2 complimentary domestic airport lounge accesses per year, with a limit of 1 per quarter.
• Joining Fee: Rs.499 + Service Tax.
• Annual Fee: Rs.499 + Service Tax.
• Annual fee waiver for the second year on spending Rs.50,000 within a year.
• Emergency Advance feature allows converting cash limit to a 3-month personal loan at 1.16% per month interest, with no processing fee.
• Easy Cash option provides unlimited interest-free ATM withdrawals for up to 50 days, subject to a 2.5% processing fee.
• Total estimated annual benefits are approximately Rs. 10,400.

Other Details

• The credit card limit is determined by the bank based on factors such as your credit score, credit utilization ratio, and past repayment habits.
• All trademarks, tradenames, logos, and other intellectual property displayed belong to their respective owners. Their display along with product information does not imply partnership with the intellectual property owner or product issuer/manufacturer.